According to a recent report, the increasing demand for green hydrogen production could lead to a shortage of iridium. Iridium is a precious metal commonly used as a catalyst in the electrolysis process for producing hydrogen from water. As the world shifts towards renewable energy sources, the demand for green hydrogen production is expected to skyrocket, which could result in a shortage of iridium in the near future.
Green hydrogen is seen as a crucial component in achieving net-zero carbon emissions and is used in various industries such as transportation, power generation, and manufacturing. The electrolysis process involves splitting water into hydrogen and oxygen using an electric current, with iridium acting as the catalyst. However, iridium is a rare and expensive metal, and with the rise in demand for green hydrogen production, the cost of iridium is expected to go up as well.
Many experts believe that the current iridium supply may not be able to keep up with the growing demand, leading to a potential iridium shortage. Some companies are already looking for alternative catalysts that can be used in place of iridium, while others are exploring new methods of producing iridium more efficiently.
The report also highlights that the demand for iridium is not just limited to the green hydrogen industry, as the metal is also used in various other applications such as electronics, automotive, and aerospace. This further increases the pressure on the iridium supply chain, making it imperative for companies to find alternative sources or methods of production.
In conclusion, the growth in green hydrogen production could result in a shortage of iridium, a precious metal that plays a crucial role in the electrolysis process. Companies are encouraged to find alternative sources or methods of production to ensure a stable and continuous supply of iridium for the growing demand for green hydrogen.